A Naukri.com group company. A Report on Hiring Activity in India. October. by: Location, Industry and Experience by: Location, Industry and Experience
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1 A Naukri.com group company A Report on Hiring Activity in India by: Location, Industry and Experience by: Location, Industry and Experience A NAUKRI.COM October REPORT
2 TABLE OF CONTENTS EXECUTIVE SUMMARY... 4 SECTORAL ANALYSIS... 5 FUNCTIONAL AREA ANALYSIS... 6 CITY BASED SCENARIO... 7 WORK EXPERIENCE BASED ANALYSIS... 8 METHODOLOGY... 9 ANNEXURE
3 Naukri Job Speak Index sees a seasonal decline in hiring activity in October 14 over September 14. Festivals dampen the hiring activity in October 14 Insurance and Pharma sector saw maximum decline in hiring activity in October 14 BPO IT Banking Telecom Auto Oil & Gas Pharma Insurance Hiring trends across top industry sectors -17% -16% -15% -20% -21% -17% -22% -23% figures are percentage increase in Oct-14 over Sep-14 IT HR ITES Marketing Finance Banking Sales Hiring trends across functional areas -13% -19% -19% -21% -21% -22% Job Trends Across Top Cities figures are percentage increase in Oct-14 over Sep-14-29% -20% -16% -14% -14% -24% -17% -10% Mumbai Pune Bengaluru Chennai Delhi Kolkata Hyderabad figures are percentage increase in Oct-14 over Sep-14
4 OVERALL JOB INDEX The Naukri Job Speak Index for the month of October 2014 was at 1518 indicating an 18% decline in hiring activity when compared to September Industry wise hiring sentiment was lacklustre with all key sectors experiencing a decline in hiring activity. Sectors such as Insurance and Pharma saw maximum decline of 23% and 22% respectively in October 14 as compared to September 14. Among the top metros, Delhi NCR and Mumbai saw the maximum dip in hiring with the index moving down by 24% and 20%respectively in the same period. Hitesh Oberoi, Managing Director and CEO, Info edge (India) said, The festivities of October has taken a toll with the Naukri Job Speak Index reflecting a dip in the number. It is in sync with the past trend of decline in hiring in festival season. We are optimistic that hiring activity will resume with full momentum across all sectors in the coming months. Hiring trends across top industry sectors Index Feb-14 Mar-14 Apr-14 May-14 Jun-14 July-14 Aug-14 Sep-14 Oct Feb-14 Mar-14 Apr-14 May-14 Jun-14 July-14 Aug-14 Sep-14 Oct-14 Total no. of new jobs posted in July 2008 was scaled to Index for subsequent months is relative to Jul 08.
5 SECTORAL ANALYSIS The overall decline in hiring due to festivities got reflected in hiring activity across sectors. Apart from Insurance and Pharma, sectors like IT and BPO have seen a month on month decline of 16% and 17% respectively while Banking and Auto sector have also moved downwards with the index waning by 21% and 17% in October 14. Other sectors like Telecom and Construction & Engineering have declined by 20% and 19% respectively in this same time period. Hiring trends across top industry sectors BPO IT Banking Telecom Auto Oil & Gas Pharma Insurance -17% -16% -15% -20% -21% -17% -22% -23% figures are percentage increase in Oct-14 over Sep-14 Industry Jul 08 Aug-13 Sept-13 Oct-13 Nov-13 Dec-13 IT- Software BPO and ITeS Construction and Engineering Auto and Auto Ancillary Banking and Financial Services Oil and Gas Telecom Insurance Capital Goods Pharma & Biotech Jan-14 Feb-14 Mar-14 Apr May Jun July Aug Sep Oct No. of new jobs posted in July '08 for each industry was scaled to 1000; all months have been compared with previous column
6 FUNCTIONAL AREA ANALYSIS As Insurance and Pharma sectors saw the maximum decline in the Naukri Job Speak Index in October, the demand for professionals working in Banking & Insurance and Production Maintenance also saw the maximum dip with the index moving down by 29% and 28% respectively in October 14 over September 14. Professionals employed in Marketing & Advertising and Sales & Business Development also witnessed a month on month decline in hiring (as represented by the Naukri Job Speak Index) of about 21% in October 14. Professionals employed in HR administration and Accounts Finance saw a southward movement of 19% each and BPO saw a dip of 22% in this time period. IT HR ITES Marketing Finance Banking Sales Hiring trends across functional areas -13% -19% -19% -21% -21% -22% -29% figures are percentage increase in Oct-14 over Sep-14 Functional Area Jul 08 Oct-13 Nov-13 IT-Software Sales and Business Development ITES and BPO Production and Maintenance Accounts and Finance HR & Administration Project Management Marketing and Advertising Banking and Insurance Engineering Design Dec-13 Jan Feb Mar Apr-14 May Jun-14 July Aug-14 Sep Oct No. of new jobs posted in July '08 for each F-Area was scaled to 1000; all months have been compared with previous column
7 CITY BASED HIRING SCENARIO -24% Job Trends Across Top Cities Delhi -16% -17% -20% -10% Kolkata Mumbai Pune -14% Hyderabad -14% Bengaluru Chennai All major cities saw a lull in hiring activity owing to festivals and long weekends in October. Delhi NCR and Mumbai saw the maximum dip followed by Kolkata and Pune which have witnessed a dip of 17% and 16% respectively in the same time period. Chennai and Bangalore have seen a decline in hiring with the index moving down by 14% each while Hyderabad declined by 10% in October 14 over September 14. figures are percentage increase in Oct-14 over Oct-13 City* Jul 08 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 July-14 Aug-14 Sep-14 Oct-14 Delhi-NCR Mumbai Bangalore Chennai Hyderabad Pune Kolkata No. of new jobs posted in July '08 for each city was scaled to 1000; all months have been compared with previous column
8 WORK- EX BASED SCENARIO In Oct-14, Hiring activity was at upsurge across all experience levels. Professionals across all experience levels saw b/w 1 to 3% increase in hiring levels in Oct, 14 over Sep, 14. Experience Buckets Percentage share of jobs across experience levels in September 14 6% 3% 21% 33% 0-3 yrs 4-7 yrs 8-12 yrs yrs 37% >16 yrs
9 METHODOLOGY The Naukri Job Speak index from Feb 10 includes both online jobs as wells as jobs acquired from existing clients by our tele-calling team. Although the tele-calling data is a relatively small component of the entire job postings on Naukri, addition of the same to the index gives a more holistic picture of the Indian job market. Therefore, the Job index which was till now based on the July 2008, has been realigned to take care of the effect of the Jobs added by the tele-sales team. On the basis of job listings added to the site every month, the data shows an increase or decrease in the index. To calculate the index, job listings added to the site in July 2008 have been taken as The subsequent months have been indexed with data of July The monthly report shows hiring trends across industry sectors, geography and functional areas. There might be high volatility for certain fringe cases like smaller cities, niche industries etc. owing to a small base, but more than clients using Naukri.com leads to high reliability of the data. Naukri Job Speak not only talks about sectors or cities but also about the total job movement on site. The total jobs on site are defined as: Total Jobs: Jobs Added + Jobs Refreshed Where a refreshed job is any job that was posted earlier, however has been refreshed during the month and therefore indicates that the position is still open. Disclaimer The data is only representative of the listings on Naukri.com. Our analytics team has used statistical techniques to derive insights which might be useful for our users/stake holders/ audiences. There may be a statistical margin of error
10 ANNEXURE SECTORAL DATA Industry* Aug-13 Sep-13 Oct-13 Nov-13 Dec'13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 IT-Software/Software Services ,643 1, BPO/ITES/CRM/Transcription ,144 1, Construction and Engineering Auto and Auto Ancillary Banking and Financial Services , ,338 1, Oil and Gas Telecom Insurance Capital Goods Pharma & Biotech ,541 1, Hospitality ,532 1, FMCG,Foods and Beverage ,145 1, Chemicals Education ,770 2, IT-Hardware & Networking Retailing , Media and Entertainment Healthcare ,447 2, Real Estate ,872 2, Employment Firms ,586 3, Consumer Durables , Accounting & Taxation , Advertising ,343 1, Textiles ,716 1, Semiconductors & Electronics ,171 1, Courier & Transportation , Architecture & Interior Designing , Export & Import ,183 1, Printing & Packaging ,226 1, Marine Agriculture , Office Equipment/Automation Fresher & Trainee , Social Services ,640 1, Gems & Jewellery ,461 2, Paper Legal ,796 2, Tyres ,039 1, Fertilizers & Pesticides , Security & Law Enforcement ,161 1, Defence & Government , *No. of new jobs posted in July '08 for each city was scaled to 1000; all months have been compared with July '08 Upward movement of the index as compared to the previous month Dip in the index
11 ANNEXURE FUNCTIONAL AREA Functional Area* Aug-13 Sep-13 Oct-13 Nov-13 Dec'13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 IT-Software Sales and Business Development ITES and BPO Production and Maintenance Accounts and Finance HR & Administration Project Management Marketing and Advertising Banking and Insurance Engineering Design - R&D Supply Chain Front Office and Data Entry IT- Hardware & Telecom Teaching & Education Pharma and Biotech Hotels and Restaurants Top Management Architecture & Interior Design Merchandising Consulting Legal Web Designing Journalism Travel & Airlines Fashion and Garments Security Services Media Packaging *No. of new jobs posted in July '08 for each city was scaled to 1000; all months have been compared with July '08 Upward movement of the index as compared to the previous month Dip in the index
12 ANNEXURE CITIES City* Aug-13 Sep-13 Oct-13 Nov-13 Dec'13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Delhi / NCR Mumbai Bengaluru / Bangalore Chennai Hyderabad / Secunderabad Pune Kolkata Ahmedabad Chandigarh Ernakulam Vadodara / Baroda Coimbatore Jaipur *No. of new jobs posted in July '08 for each city was scaled to 1000; all months have been compared with July '08 Upward movement of the index as compared to the previous month Dip in the index
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